New CEO Siyabonga Mbanjwa has revealed a turnaround strategy that he hopes will place the stock back on investors’ radars.
Delta Property Fund, which owns mostly inner-city office blocks let to government tenants, has gone through the wringer in recent years.
In early 2020, the company was hit by allegations of financial irregularities under its former management team, which led to the resignation of founder and CEO Sandile Nomvete and fellow executives...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Delta’s comeback planThe dirt-cheap property play could help investors pay the rent — if its turnaround strategy pays off.
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